BlackRock Given New $285.00 Price Target at Citigroup (BLK)
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of BlackRock in a research note to investors on Monday, March 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BlackRock in a research note to investors on Tuesday, February 26th. They now have a $248.00 price target on the stock.
Thirteen research analysts have rated the stock with a buy rating, two have assigned an overweight rating, and seven have issued a hold rating to the company’s stock. The stock has a consensus rating of “overweight” and an average target price of $251.06.
BlackRock traded up 0.77% on Wednesday, hitting $251.37. BlackRock has a 1-year low of $160.25 and a 1-year high of $251.70. The stock’s 50-day moving average is currently $240.1. The company has a market cap of $43.038 billion and a price-to-earnings ratio of 18.09.
BlackRock last announced its earnings results on Thursday, January 17th. The company reported $3.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.73 by $0.23. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the prior year, the company posted $3.06 earnings per share. The company’s quarterly revenue was up 70.3% on a year-over-year basis. Analysts expect that BlackRock will post $15.54 EPS for the current fiscal year.
BlackRock, Inc. (BlackRock) is an independent investment management firm. The Company provides a range of investment and risk management services.
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